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Koh Brothers' JV with Samsung C&T bags S$1.12b CAG contract

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Koh Brothers Group, a Singapore-listed construction, property development and specialist engineering solutions provider, said on Thursday it has secured a S$1.12 billion project from Changi Airport Group (CAG), through an integrated joint venture (JV) with Samsung C&T Corporation, for development works to effect three-runway operations at Singapore's Changi Airport.

KOH Brothers Group, a Singapore-listed construction, property development and specialist engineering solutions provider, said on Thursday it has secured a S$1.12 billion project from Changi Airport Group (CAG), through an integrated joint venture (JV) with Samsung C&T Corporation, for development works to effect three-runway operations at Singapore's Changi Airport.

The group, through its wholly owned subsidiary Koh Brothers Building & Civil Engineering Contractor (Pte) Ltd, has a 30 per cent equity stake in the JV, which beat 10 bidders who participated in the competitive tender.

This marks Koh Brothers' second contract secured from CAG and will boost its construction order book to S$632 million.

The S$1.12 billion contract win by the JV is the first of several contracts to be awarded by CAG for the development of a three-runway system at Changi Airport by the early 2020s.

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The scope of works includes the extension of Runway 3 and the development of a supporting taxiway system linking the runway to the existing Changi Airport, all of which will total about 40km. In addition, the JV works will include security fencing and perimeter roads, mechanical and electrical works and supporting works (such as major services and road diversions). It will also develop ancillary buildings such as airfield lighting control centres, fire station and rescue facilities.

Koh Brothers will undertake the construction of drainage and culvert systems to ensure the runway and taxiways are free of surface water and to prevent flooding. It will also set up and operate batching plants to supply concrete to meet the project's requirements.

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